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Ingredion Appoints Diego Reynoso as CFO
Ingredion (INGR) announced the appointment of Diego Reynoso as chief financial officer effective October 1. He will serve as a member of the executive leadership team and report to Jim Zallie, chairman, president and chief executive officer. Reynoso joins Ingredion from the Boston Beer (SAM) where he served as chief financial officer leading finance, investor relations, IT, M&A and enterprise strategy initiatives.
Ingredion Sees FY26 Revenue Outlook Flat to Low Single Digits Growth
Backs FY26 revenue view flat to up low single digits. "Looking ahead, we are focused on continued operational execution across our Food & Industrial Ingredients businesses and accelerating the growth of our Texture & Healthful Solutions portfolio. We have also commenced the integration planning work for the pending acquisition of Tate & Lyle, which, when completed, will establish Ingredion as a more comprehensive global leader in ingredient solutions with the innovation expertise and geographic reach that will help create the future of food."
Company Expects Flat to Low Single-Digit Growth in 2026 Net Sales
The company still expects full-year 2026 net sales to be flat to up low single digits, reflecting volume growth and favorable foreign exchange, partially offset by lower price mix as well as the impact of the previously mentioned sale of its majority stake in the Pakistan business. FY26 revenue consensus $7.25B.
Company Expects Low Single-Digit Net Sales Growth for Q3 2026
The company said, "For the third quarter of 2026, compared to the same quarter last year, the Company expects net sales to be up low single-digits. Reported and adjusted operating income are both expected to be down mid-single-digits, which again reflects the impact of the sale of our majority stake in the Pakistan business."
Ingredion Q2 Revenue of $1.85B Beats Expectations
Reports Q2 revenue $1.85B, consensus $1.83B. "Ingredion delivered a solid second quarter, with Texture & Healthful Solutions continuing its quarterly net sales volume growth and Food & Industrial Ingredients-U.S./CAN operating results sequentially improving during the quarter," said Jim Zallie, chairman, president and CEO of Ingredion. "Additionally, we completed the sale of our majority stake in the Pakistan business, and we are pleased to report that Tate & Lyle's shareholders approved our recommended all-cash offer on July 28, marking an important step toward completing the transaction."
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